Six Months to Go Until
The Largest Tax Hikes in History
From Ryan Ellis on Thursday, July 1, 2010 4:15 PM
In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:
First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family. The "marriage penalty" (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.
The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.
Second Wave: Obamacare
There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:
The "Medicine Cabinet Tax" Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).
The "Special Needs Kids Tax" This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education.
The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.
Third Wave: The Alternative Minimum Tax and Employer Tax Hikes
When Americans prepare to file their tax returns in January of 2011, they'll be in for a nasty surprise-the AMT won't be held harmless, and many tax relief provisions will have expired. The major items include:
The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress' failure to index the AMT will lead to an explosion of AMT taxpaying families-rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.
Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or "depreciate") equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be "depreciated."
Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the "research and experimentation tax credit," but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.
Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not be available. Tax credits for education will be limited. Teachers will no longer be able to deduct classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided educational assistance is curtailed. The student loan interest deduction will be disallowed for hundreds of thousands of families.
Charitable Contributions from IRAs no longer allowed. Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA. This contribution also counts toward an annual "required minimum distribution." This ability will no longer be there.
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Read more: http://www.atr.org/sixmonths.html?content=5171#ixzz0szmK4uSI
Thursday, July 8, 2010
Wednesday, July 7, 2010
A Shrink Asks: What's Wrong with Obama?
A Shrink Asks: What's Wrong with Obama?
By Robin of Berkeley
So what is the matter with Obama? Conservatives have been asking this question for some time. I've written a number of articles trying to solve the mystery.
Even some liberals are starting to wonder. James Carville railed about Obama's blasé attitude after the catastrophic oil spill. The New York Times' Maureen Dowd revamped Obama's "Yes We Can" motto into "Will We Ever?"
The liberal women of the TV show "The View" have expressed sympathy for Michelle Obama's living with a man so out of touch. Peggy Noonan, hardly a vehement Obama foe, recently pronounced him disconnected.
Obama's odd mannerisms intrigue a psychotherapist like me. He also presents a serious diagnostic challenge.
For one, Obama's teleprompter and the men behind the Blackberry keep him well-scripted. We know so little about the facts of his life.
But it's more than just a lack of information. Obama himself is a strange bird. He doesn't fit easily into any diagnostic category.
Many people attribute Obama's oddness to his narcissism. True, Obama has a gargantuan ego, and he is notoriously thin-skinned.
Yet a personality disorder like narcissism does not explain Obama's strangeness: his giggling while being asked about the economy; his continuing a shout-out rather than announcing the Ft. Hood shootings; or his vacations, golfing, partying and fundraising during the calamitous oil spill.
Take also Obama's declaring on the "Today Show" that he wants to know whose ass to kick. Consummate narcissists would never stoop to this vulgar display of adolescent machismo.
Obama is flat when passion is needed; he's aggressive when savvy is required. What's most worrisome is that Obama doesn't even realize that his behavior is inappropriate.
So if it's not just simple narcissism, what is wrong with Obama? Since I've never evaluated him, I can't say for sure. But I can hazard some educated guesses.
If I saw a client as disconnected as him, the first thing I would wonder: Is something wrong with his brain? And I'd consider the following theoretical diagnostic possibilities.
--Physical problems: There are a multitude of physiological conditions that can cause people to act strangely. For instance: head injuries, endocrine disturbances, epilepsy, and toxic chemical exposure.
It makes me wonder: Did Obama ever have a head injury? His stepfather in Indonesia was purportedly an alcoholic abuser. Was Obama subject to any physical abuse?
-- Drugs and alcohol: Damage to the brain from drugs and alcohol can also cause significant cognitive impairments. Obama once said that there were 57 states -- and didn't correct himself. Memory problems can be caused by both illicit and prescription drug use.
Obama admits to a history of drug use in his youth. Did his usage cause some damage? Does Obama still use?
--Asperger's Syndrome: Also known as high-functioning autism, Asperger's causes deficits in social skills. A person with Asperger's can't read social cues. Consequently, he can be insensitive and hurtful without even knowing it.
Could Obama have Asperger's? He might have some mild traits, but certainly not the full-blown disorder. In contrast to Obama, those with Asperger's get fixated on some behavior, like programming computers. Obama lacks this kind of passion and zeal.
--Mental Illness: Obama's family tree is replete with the unbalanced. His maternal great-grandmother committed suicide. His grandfather, Stanley Dunham, was particularly unhinged: He was expelled from high school for punching his principal; named his daughter Stanley because he wanted a boy; and exposed young Barry to not just drunken trash talk, but unrestricted visits with alleged pedophile Frank Marshall Davis (who might or might not be Obama's biological father). Barack Sr. was an abusive, alcoholic bigamist.
Since mental illness runs in the family, does Obama have any signs? Yes and no. No, he is not a schizophrenic babbling about Martians. But there are red flags for some other conditions.
While Obama doesn't appear to hallucinate, he seems to have delusions. His believing he has a Messiah-like special gift smacks of grandiose delusions. His externalizing all blame to conservatives, George W. Bush, or the "racist" bogeyman hints at persecutory delusions.
Along with a delusional disorder, Obama may fit for a mild psychotic disorder called schizotypal disorder. It may explain some of Obama's oddness.
People with schizotypal disorder hold bizarre beliefs, are suspicious and paranoid, and have inappropriate and constricted affect. They have few close friends and are socially awkward. A schizotypal is someone like your strange cousin Becky who is addicted to astrology, believes she is psychic, and is the oddball at social gatherings.
Schizotypal Disorder does ring some bells vis-à-vis Obama. One way the diagnosis doesn't fit, however, is that schizotypals are generally harmless, odd ducks. Not so with Obama.
--Trauma: My gut tells me that Obama was seriously traumatized in childhood. His mother disregarded his basic needs, dragged him all over the place, and ultimately abandoned him.
But I think there may be something even more insidious in his family background. While I can't prove it, the degree of Obama's disconnect reminds me of my sexually abused clients.
With serious sexual abuse, the brain chemistry may change. The child dissociates -- that is, disconnects from his being -- in order to cope. Many adult survivors still dissociate, from occasional trances to the most extreme cases of multiple personality disorder.
Apparently, young Barry was left in the care of Communist Frank Marshall Davis, who admitted to molesting a 13-year-old girl. As a teenager, Obama wrote a disturbing poem, "Pop," that evoked images of sexual abuse -- for instance, describing dual amber stains on both his and "Pop's" shorts.
Would trauma explain Obama's disconnect? In many ways, yes. A damaged and unattached child may develop a "false self." To compensate for the enormous deficits in identity and attachment, the child invents his own personality. For Obama, it may have been as a special, gifted person.
Let's return now to my original question: What is wrong with Obama? My guess is a great deal. The answer is complex and likely includes some combination of the above.
Along with the brain issues are personality disorders: narcissism, paranoia, passive-aggressiveness. There's even the possibility of the most destructive character defect of all, an antisocial personality. Untreated abuse can foster antisocial traits, especially among boys.
If my assessment is accurate, what does this mean?
It means that liberals need to wake up and spit out the Kool-Aid...and that conservatives should put aside differences, band together, and elect as many Republicans as possible.
Because Obama will not change. He will not learn from his mistakes. He will not grow and mature from on-the-job experience. In fact, over time, Obama will likely become a more ferocious version of who he is today.
Why? Because this is a damaged person. Obama's fate was sealed years ago growing up in his strange and poisonous family. Later on, his empty vessel was filled with the hateful bile of men like Rev. Wright and Bill Ayers.
Obama will not evolve; he will not rise to the occasion; he will not become the man he was meant to be. This is for one reason and one reason alone:
He is not capable of it.
This article is not intended to offer any definitive diagnoses, but for educational purposes only.
A frequent AT contributor, Robin is a psychotherapist in Berkeley and a recovering liberal. You can e-mail Robin at robinofberkeley@hotmail.com. She regrets that she may not be able to acknowledge your e-mail.
142 Comments on "A Shrink Asks: What's Wrong with Obama?"
By Robin of Berkeley
So what is the matter with Obama? Conservatives have been asking this question for some time. I've written a number of articles trying to solve the mystery.
Even some liberals are starting to wonder. James Carville railed about Obama's blasé attitude after the catastrophic oil spill. The New York Times' Maureen Dowd revamped Obama's "Yes We Can" motto into "Will We Ever?"
The liberal women of the TV show "The View" have expressed sympathy for Michelle Obama's living with a man so out of touch. Peggy Noonan, hardly a vehement Obama foe, recently pronounced him disconnected.
Obama's odd mannerisms intrigue a psychotherapist like me. He also presents a serious diagnostic challenge.
For one, Obama's teleprompter and the men behind the Blackberry keep him well-scripted. We know so little about the facts of his life.
But it's more than just a lack of information. Obama himself is a strange bird. He doesn't fit easily into any diagnostic category.
Many people attribute Obama's oddness to his narcissism. True, Obama has a gargantuan ego, and he is notoriously thin-skinned.
Yet a personality disorder like narcissism does not explain Obama's strangeness: his giggling while being asked about the economy; his continuing a shout-out rather than announcing the Ft. Hood shootings; or his vacations, golfing, partying and fundraising during the calamitous oil spill.
Take also Obama's declaring on the "Today Show" that he wants to know whose ass to kick. Consummate narcissists would never stoop to this vulgar display of adolescent machismo.
Obama is flat when passion is needed; he's aggressive when savvy is required. What's most worrisome is that Obama doesn't even realize that his behavior is inappropriate.
So if it's not just simple narcissism, what is wrong with Obama? Since I've never evaluated him, I can't say for sure. But I can hazard some educated guesses.
If I saw a client as disconnected as him, the first thing I would wonder: Is something wrong with his brain? And I'd consider the following theoretical diagnostic possibilities.
--Physical problems: There are a multitude of physiological conditions that can cause people to act strangely. For instance: head injuries, endocrine disturbances, epilepsy, and toxic chemical exposure.
It makes me wonder: Did Obama ever have a head injury? His stepfather in Indonesia was purportedly an alcoholic abuser. Was Obama subject to any physical abuse?
-- Drugs and alcohol: Damage to the brain from drugs and alcohol can also cause significant cognitive impairments. Obama once said that there were 57 states -- and didn't correct himself. Memory problems can be caused by both illicit and prescription drug use.
Obama admits to a history of drug use in his youth. Did his usage cause some damage? Does Obama still use?
--Asperger's Syndrome: Also known as high-functioning autism, Asperger's causes deficits in social skills. A person with Asperger's can't read social cues. Consequently, he can be insensitive and hurtful without even knowing it.
Could Obama have Asperger's? He might have some mild traits, but certainly not the full-blown disorder. In contrast to Obama, those with Asperger's get fixated on some behavior, like programming computers. Obama lacks this kind of passion and zeal.
--Mental Illness: Obama's family tree is replete with the unbalanced. His maternal great-grandmother committed suicide. His grandfather, Stanley Dunham, was particularly unhinged: He was expelled from high school for punching his principal; named his daughter Stanley because he wanted a boy; and exposed young Barry to not just drunken trash talk, but unrestricted visits with alleged pedophile Frank Marshall Davis (who might or might not be Obama's biological father). Barack Sr. was an abusive, alcoholic bigamist.
Since mental illness runs in the family, does Obama have any signs? Yes and no. No, he is not a schizophrenic babbling about Martians. But there are red flags for some other conditions.
While Obama doesn't appear to hallucinate, he seems to have delusions. His believing he has a Messiah-like special gift smacks of grandiose delusions. His externalizing all blame to conservatives, George W. Bush, or the "racist" bogeyman hints at persecutory delusions.
Along with a delusional disorder, Obama may fit for a mild psychotic disorder called schizotypal disorder. It may explain some of Obama's oddness.
People with schizotypal disorder hold bizarre beliefs, are suspicious and paranoid, and have inappropriate and constricted affect. They have few close friends and are socially awkward. A schizotypal is someone like your strange cousin Becky who is addicted to astrology, believes she is psychic, and is the oddball at social gatherings.
Schizotypal Disorder does ring some bells vis-à-vis Obama. One way the diagnosis doesn't fit, however, is that schizotypals are generally harmless, odd ducks. Not so with Obama.
--Trauma: My gut tells me that Obama was seriously traumatized in childhood. His mother disregarded his basic needs, dragged him all over the place, and ultimately abandoned him.
But I think there may be something even more insidious in his family background. While I can't prove it, the degree of Obama's disconnect reminds me of my sexually abused clients.
With serious sexual abuse, the brain chemistry may change. The child dissociates -- that is, disconnects from his being -- in order to cope. Many adult survivors still dissociate, from occasional trances to the most extreme cases of multiple personality disorder.
Apparently, young Barry was left in the care of Communist Frank Marshall Davis, who admitted to molesting a 13-year-old girl. As a teenager, Obama wrote a disturbing poem, "Pop," that evoked images of sexual abuse -- for instance, describing dual amber stains on both his and "Pop's" shorts.
Would trauma explain Obama's disconnect? In many ways, yes. A damaged and unattached child may develop a "false self." To compensate for the enormous deficits in identity and attachment, the child invents his own personality. For Obama, it may have been as a special, gifted person.
Let's return now to my original question: What is wrong with Obama? My guess is a great deal. The answer is complex and likely includes some combination of the above.
Along with the brain issues are personality disorders: narcissism, paranoia, passive-aggressiveness. There's even the possibility of the most destructive character defect of all, an antisocial personality. Untreated abuse can foster antisocial traits, especially among boys.
If my assessment is accurate, what does this mean?
It means that liberals need to wake up and spit out the Kool-Aid...and that conservatives should put aside differences, band together, and elect as many Republicans as possible.
Because Obama will not change. He will not learn from his mistakes. He will not grow and mature from on-the-job experience. In fact, over time, Obama will likely become a more ferocious version of who he is today.
Why? Because this is a damaged person. Obama's fate was sealed years ago growing up in his strange and poisonous family. Later on, his empty vessel was filled with the hateful bile of men like Rev. Wright and Bill Ayers.
Obama will not evolve; he will not rise to the occasion; he will not become the man he was meant to be. This is for one reason and one reason alone:
He is not capable of it.
This article is not intended to offer any definitive diagnoses, but for educational purposes only.
A frequent AT contributor, Robin is a psychotherapist in Berkeley and a recovering liberal. You can e-mail Robin at robinofberkeley@hotmail.com. She regrets that she may not be able to acknowledge your e-mail.
142 Comments on "A Shrink Asks: What's Wrong with Obama?"
Wednesday, March 10, 2010
Preserve Our Nations History
This country, The United States of America, is the greatest nation in the world. It was made that way by the men and women that forged forward relentlessly over the years since its founding. And, it doesn't take a genius to recognize that it was founded on Christian principles. Anyone with a brain can see that merely by reading a few lines of our Constitution or any other historical document for that matter. And those documents, principles and all, are part of our history. These things cannot and should not be forgotten or altered in any way. Our history, the good and the bad, needs to be taught to the generations to come lest mistakes made be repeated. The citizens of this great country should stand tall and proud of all of the accomplishments that our country (meaning the people themselves) have made.
The "Board" must make sure that factual accounts be kept in our chidrens text books. If Texas fails the youth of America, then they have no hope at all.
"To penetrate and dissipate these clouds of darkness, the general mind must be strengthened by education" Thomas Jefferson
The "Board" must make sure that factual accounts be kept in our chidrens text books. If Texas fails the youth of America, then they have no hope at all.
"To penetrate and dissipate these clouds of darkness, the general mind must be strengthened by education" Thomas Jefferson
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